Quantum Announces Receipt of $6.2 Million in New Orders for Natural Gas Storage Tanks Following Successful Exhibition at NTEA Work Truck Show
LAKE FOREST, CA--March 18, 2013: Quantum Fuel Systems Technologies Worldwide, Inc. , a leader in natural gas, alternative fuel systems and clean propulsion vehicle technologies, today announced that it has received $6.2 million in orders following its successful participation at the National Truck Equipment Association Show in Indianapolis March 6-8, 2013. Under the purchase orders, Quantum will supply its ultra-lightweight Q-Lite compressed natural gas (CNG) fuel storage tanks for natural gas powered vehicles.
"We are excited about the overwhelming interest in our high capacity CNG tanks and new bolt-on fuel modules," said Brian Olson, President and Chief Executive Officer of Quantum. "The new orders for our Q-Lite tanks confirms and validates the superior value that our products bring to our customers."
Quantum's proprietary Q-Lite fuel tank technology offers one of the lightest natural gas fuel storage solutions in the industry, coupled with superior fuel storage capacity, enhanced safety features and the capability to be quickly integrated on to vehicles.